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China Anchu Energy Storage Group Ltd ( (HK:2399) ) has provided an announcement.
China Anchu Energy Storage Group Ltd successfully completed the issuance of 59,574,000 new shares under its General Mandate at a subscription price of HK$0.50 per share, raising gross proceeds of approximately HK$29.8 million. This issuance, which represents about 1.96% of the company’s enlarged share capital, is intended to bolster the company’s financial resources, with net proceeds earmarked for purposes outlined in a prior announcement. The completion alters the shareholding structure slightly, but none of the new subscribers will become substantial shareholders.
More about China Anchu Energy Storage Group Ltd
China Anchu Energy Storage Group Ltd is a company incorporated in the Cayman Islands, operating in the energy storage sector. The company focuses on the issuance of shares and capital management, aiming to enhance its market positioning and financial resources.
YTD Price Performance: -11.67%
Average Trading Volume: 3,365,870
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$633.3M
For detailed information about 2399 stock, go to TipRanks’ Stock Analysis page.
